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PLDT Inc
PLDT Inc., rooted in the heart of the Philippines, has grown to be a towering figure in the Southeast Asian telecommunications landscape. Established in 1928, PLDT has evolved over the decades, adapting to technological advancements and shifting consumer demands, expertly capturing the pulse of a rapidly modernizing nation. Initially focused on traditional fixed-line services, the company has increasingly embraced the digital age, expanding its portfolio to include wireless communication, broadband internet, and digital television. Through this transformation, PLDT has become an integral part of the digital lives of millions of Filipinos, forging a path that intertwines cutting-edge technology with everyday convenience.
At the core of PLDT's operations is its expansive and robust network infrastructure, which serves as the lifeblood of the company’s diverse service offerings. The firm generates revenue through a mixed model predominantly comprising fixed-line and mobile services. Its wireless subsidiary, Smart Communications, stands as a key contributor, offering a range of mobile data services that cater to both individual and enterprise customers. Broadband services, propelled by the increasing demand for high-speed internet, also play a significant role in the revenue stream. Moreover, PLDT's strategic partnerships and investments in content and digital solutions denote its keen focus on maintaining a competitive edge and capitalizing on new growth opportunities in the Internet of Things (IoT), financial technology, and digital entertainment arenas. Through these multiple avenues, PLDT not only drives its financial success but also maintains its position as a critical player in the Philippines' telecommunications sector.
PLDT Inc., rooted in the heart of the Philippines, has grown to be a towering figure in the Southeast Asian telecommunications landscape. Established in 1928, PLDT has evolved over the decades, adapting to technological advancements and shifting consumer demands, expertly capturing the pulse of a rapidly modernizing nation. Initially focused on traditional fixed-line services, the company has increasingly embraced the digital age, expanding its portfolio to include wireless communication, broadband internet, and digital television. Through this transformation, PLDT has become an integral part of the digital lives of millions of Filipinos, forging a path that intertwines cutting-edge technology with everyday convenience.
At the core of PLDT's operations is its expansive and robust network infrastructure, which serves as the lifeblood of the company’s diverse service offerings. The firm generates revenue through a mixed model predominantly comprising fixed-line and mobile services. Its wireless subsidiary, Smart Communications, stands as a key contributor, offering a range of mobile data services that cater to both individual and enterprise customers. Broadband services, propelled by the increasing demand for high-speed internet, also play a significant role in the revenue stream. Moreover, PLDT's strategic partnerships and investments in content and digital solutions denote its keen focus on maintaining a competitive edge and capitalizing on new growth opportunities in the Internet of Things (IoT), financial technology, and digital entertainment arenas. Through these multiple avenues, PLDT not only drives its financial success but also maintains its position as a critical player in the Philippines' telecommunications sector.
Service Revenue: Service revenues for the first half of 2023 rose 1% to PHP94.5 billion, with management acknowledging the growth could be better but highlighting stability.
Profitability: Telco Core income increased 3% year-on-year to PHP17.6 billion, and EBITDA reached a semestral high of PHP52.1 billion, up 3%, with EBITDA margin improving to 53%.
Segment Trends: Home broadband continued to drive growth, with fiber revenue up 11%, enterprise up 2%, and individual business stable; data revenue and usage continue to climb.
Guidance Update: Full-year revenue and EBITDA growth outlook revised down to low single-digit; Telco Core income guidance set at PHP33.5–34 billion, CapEx at PHP80–85 billion.
Maya Digital Bank: Maya's loan book more than tripled year-to-date; profitability for the group expected by second half of 2024.
Dividend: Interim cash dividend of PHP0.49 per share approved, with a 60% payout ratio.
Cost & CapEx: OpEx down 2% year-on-year; CapEx intensity moderated to 41%, with CapEx PHP11.3 billion lower than EBITDA in H1 2023.